In a major development, the approval to prosecute former AIG Ashish Kapoor in the disproportionate assets case has been granted. Punjab Vigilance Bureau (VB) has found new evidence in the corruption case. On the basis of these, the Home Secretary has permitted to proceed with the case. Vigilance will present the challan by presenting evidence. Kapoor made unaccounted property in his and his family members' names while being AIG.
As per reports, Vigilance has got the details of properties in the name of Kapoor and his wife Kamal Kapoor in Chandigarh, Mohali, and other places. Kapoor was arrested in October 2022. Now he is on bail. The challan has been presented in the case of serious allegations leveled by a woman. Ashish was recruited as an Inspector on 12 November 1993.
Earlier, 19 Marla 112 VG was registered in the name of Ashish Kapoor on 28 April 1993. This purchase was done in Jalandhar for Rs 200000. Apart from the ancestral house of Ashish Kapoor's father Hussan Lal Kapoor in Jalandhar, Ashish Kapoor or his father did not inherit any other immovable property.
Ashish Kapoor formed Ashish Kapoor (HUF) in 2001, in which he himself is the founder, and his wife Kamal Kapoor and two sons are co-partners. There is currently no information about when, through what means, and by what means the assets were created in this HUF, and what business was done, but the income tax returns filed by the said HUF are found to be false. Vigilance officials say that from 01 August 2017 to 31 August 2022, unaccounted expensive immovable properties were found in the name of Ashish Kapoor and his wife Kamal Kapoor in Chandigarh and Mohali.